5501 4th Avenue, Brooklyn, NY 11220
Local realty services provided by:CENTURY 21 AA Realty
5501 4th Avenue,Brooklyn, NY 11220
$4,990,000
- 1 Acres
- Lots / Land
- Active
Listed by: zaiyou zhu
Office: re/max edge
MLS#:1063360
Source:OneKey MLS
Price summary
- Price:$4,990,000
About this home
Outstanding opportunity to acquire two adjoining properties in the heart of Sunset Park, Brooklyn, situated along the highly desirable 4th Avenue corridor.
Offering approximately 5,216 SF of combined land, this unique package features a distinctive corner mixed-use building and an adjoining development property with an existing garage and former church space, providing tremendous flexibility for investors, builders, and developers.
404 55th Street:
A distinctive three-story brick corner building situated on approximately 2,450 SF of land, featuring excellent street exposure, classic architectural character, and strong mixed-use investment potential.
The property includes architectural plans dated May 2026 for a 2-story addition (vertical and horizontal enlargement) featuring 4 residential units. The proposed configuration also includes commercial space.
412 55th Street:
An adjoining development property featuring approximately 2,766 SF of irregular land, with an existing front garage and former church space toward the rear.
Preliminary architectural plans feature a proposed development of 18 residential condominium units, 1 retail space, and 1 community facility.
The property's unique configuration also presents exciting opportunities to explore an all-residential condominium development with ground-floor private parking, or a mixed-use condominium development incorporating commercial space and private parking.
Both properties are located within an R7A/C2-4 zoning district with a residential FAR of 4.0, offering significant potential for residential and mixed-use development.
A preliminary combined development concept has also explored up to 27 residential condominium units, presenting an exciting opportunity for a larger residential or mixed-use project.
Potential investment strategies include residential condominiums, multifamily rental apartments, mixed-use condo developments with parking, retail stores, professional offices, medical offices, community facilities, and other permitted uses.
Excellent location near public transportation, shopping, restaurants, and neighborhood amenities.
Package Deal Available! Both properties are available together or individually, providing flexibility for different investment and development strategies....
Contact an agent
Home facts
- Listing ID #:1063360
- Added:5 day(s) ago
- Updated:October 21, 2026 at 11:28 AM
Structure and exterior
- Lot area:1 Acres
Schools
- High school:Bedford Academy High School
- Middle school:Dock Street School For Steam Studies
- Elementary school:Academy Of Arts And Letters
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,990,000
- Tax amount:$11,200 (2026)
New listings near 5501 4th Avenue
- Coming Soon
$1,249,000Coming Soon4 beds 3 baths1,920 sq. ft.501 Vandervoort Avenue, Brooklyn, NY 11222
MLS# 1064226Listed by: ORION HOMES REALTY LLC - New
$1,327,000Active3 beds 3 baths1,569 sq. ft.60 Oceana Drive West #4I, Brooklyn, NY 11235
MLS# 505512Listed by: GOLDEN REAL - New
$4,900,000Active6 beds 4 baths3,750 sq. ft.130 Dean Street, Brooklyn, NY 11201
MLS# RLS20121949Listed by: COMPASS - Open Sun, 11:30am to 12:30pmNew
$2,125,000Active2 beds 2 baths1,308 sq. ft.550 Vanderbilt Avenue #1601, Brooklyn, NY 11238
MLS# RLS20121943Listed by: COMPASS - New
$1,099,000Active2 beds 2 baths1,242 sq. ft.60 Oceana Dr. West Drive #4A, Brooklyn, NY 11235
MLS# 505511Listed by: DREAMLIFE REALTY NEW YORK LLC - New
$849,000Active3 beds 2 baths1,064 sq. ft.1876 Ryder Street, Brooklyn, NY 11234
MLS# 505241Listed by: BERGEN BASIN REALTY LLC - New
$799,000Active3 beds 2 baths1,456 sq. ft.1570 West 10th Street #3A, Brooklyn, NY 11204
MLS# 505507Listed by: MOMENTUM REAL ESTATE LLC - New
$999,000Active2 beds 2 baths1,069 sq. ft.135 Oceana Drive #3F, Brooklyn, NY 11235
MLS# 505509Listed by: J. SIKAR REALTY - Open Sun, 12 to 1pmNew
$1,299,000Active2 beds 3 baths1,400 sq. ft.55 Oceana Drive East #PH3C, Brooklyn, NY 11235
MLS# 505510Listed by: GOLDEN REAL - New
$1,695,000Active2 beds 2 baths188 Degraw Street #3, Brooklyn, NY 11231
MLS# RLS20121534Listed by: COMPASS